Saugus, Massachusetts Income Statistics
Saugus Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Saugus Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Saugus | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Household Income | $102,456 | $104,336 | $80,455 |
| Median Personal Income | $71,400 | $80,230 | $60,758 |
| Average Yearly Income Growth | 3.0% | 4.9% | 4.8% |
| Six-Figure Earners | 14.2% | 20.6% | 13.9% |
| $200k+ Households | 14.1% | 22.3% | 13.2% |
The median household income in Saugus is about 2% lower than in Massachusetts. Income has been growing slower in Saugus (3.0%/yr) than in Massachusetts (4.9%/yr).
About 14% of adults in Saugus earn six figures ($100,000 or more) a year, lower than the Massachusetts average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Saugus, Massachusetts grew by 49.9% from 2009 to 2024, reaching $102,456 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in Saugus
| Metric | Saugus | Massachusetts Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.531 | 0.552 |
| Male Median Income | $77,320 | $90,842 | $69,667 |
| Female Median Income | $65,701 | $75,629 | $56,850 |
| Gender Pay Gap | 15.0% | 16.7% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Saugus, it is 0.513, lower than Massachusetts's 0.531, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Saugus, Massachusetts. Over a 35-year career, a 18% wage gap accumulates to roughly $406,665 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Saugus, Massachusetts has narrowed from about 20% to 15% in 2024. Over that period the gap was widest at 22% in 2020, and was narrowest at 11% in 2023. In dollar terms, the gap has narrowed by $552 since 2009.
Employment
| Metric | Saugus | Massachusetts Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 14.3% | 18.6% | 15.0% |
| Commute time (minutes) | 28 | 25 | 22 |
Approximately 625 people are unemployed in Saugus, Massachusetts.
The average commute time in Saugus is 28 minutes, longer than the 25 minutes in Massachusetts.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Saugus, Massachusetts has fallen from 7.7% to 3.8% in 2024. Over that period the rate peaked at 9.8% in 2013 and fell as low as 3.4% in 2022.
Saugus, MA Wealth Compared With Nearby Cities
Saugus, MA is the 5th largest of the 6 cities compared here, 28,773 residents against a local median of 60,022. The measure that sets Saugus, MA apart most is income growth: 3.0%/yr, 44% below the local median of 5.4%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 3.8% against a local median of 5.0%, 23% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Saugus, MA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves sit within 1.7%/yr of each other on income growth, a tighter band than the gap between any of them and Saugus, MA, which makes it a genuine outlier here rather than one end of a wide local spread. Saugus, MA has the 6th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Saugus, MA | 28,773 | $102,456 #3/6 | 3.0%/yr #6/6 | 3.8% #2/6 | 0.513 #3/6 |
| Melrose, MA | 29,648 | $133,280 | 5.4%/yr | 3.7% | 0.480 |
| Lynn, MA | 101,709 | $75,052 | 5.0%/yr | 5.0% | 0.543 |
| Revere, MA | 60,022 | $87,346 | 6.7%/yr | 7.0% | 0.534 |
| Malden, MA | 66,048 | $100,648 | 6.7%/yr | 5.4% | 0.524 |
| Wakefield, MA | 27,739 | $136,429 | 5.2%/yr | 4.4% | 0.473 |
Conclusion
Considering all these factors, Saugus, Massachusetts has an overall wealth index grade of B, making it somewhat better than Massachusetts, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Saugus, Massachusetts.
How Rich Is Saugus, Massachusetts?
Saugus has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $102,456, about 2% lower than the Massachusetts average of $104,336.
Are incomes growing in Saugus, Massachusetts?
Between 2009 and 2024, the median household income in Saugus, Massachusetts rose 50%, from $68,370 to $102,456. Over the same years, income here lagged behind Massachusetts as a whole: +50% against +61%.
What was the median household income in Saugus in 2023?
In 2023, the median household income in Saugus, Massachusetts was $101,587, up 6% from $95,799 in 2022. The Massachusetts median that year was $101,513.
What was the median household income in Saugus in 2020?
In 2020, the median household income in Saugus, Massachusetts was $88,666. By 2024 it had risen 16% to $102,456.
Is it hard to find a job in Saugus, Massachusetts?
Unemployment in Saugus, Massachusetts is only 3.8%, well below the Massachusetts rate of 5.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Saugus, Massachusetts?
The Gini coefficient in Saugus is 0.513. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Saugus, Massachusetts?
Since 2009, the income gap between men and women in Saugus, Massachusetts has narrowed from about 20% to 15% in 2024. Over that period the gap was widest at 22% in 2020, and was narrowest at 11% in 2023. In dollar terms, the gap has narrowed by $552 since 2009.
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